After weeks of range-bound trading, Bitcoin (BTC) is showing early signs of renewed strength, with technical indicators and on-chain sentiment pointing to a possible market recovery.
According to TradingView, Bitcoin’s daily RSI has cooled to 41.6, signaling that selling pressure is fading, while the MACD indicator is nearing a bullish crossover zone, a setup often preceding trend reversals.
Market Structure Remains Intact
Renowned trader Michaël van de Poppe described the current structure as “still holding up nicely,” arguing that Bitcoin’s underlying trend remains healthy despite short-term volatility driven by thin order books. He believes that a break above $118,000 could mark the start of a new all-time high leg, as consolidation phases historically precede strong continuation rallies.
#Bitcoin is still holding up nicely here.
I assume we'll see strength coming in shortly. Volatility remains high due to illiquid books.
Great signs on the markets that we're currently still holding up and, I think, we'll see a new ATH soon. pic.twitter.com/Rl7QvhhfgN
— Michaël van de Poppe (@CryptoMichNL) October 15, 2025
Adding to this optimism, Crypto Rover pointed out that Binance funding rates have turned negative, a condition where short positions outweigh longs. This reversal has repeatedly aligned with local bottoms since 2023. Each previous instance was followed by a notable upward move, a signal Rover interprets as another potential accumulation phase forming below current levels.
BITCOIN FUNDING RATES FLIP NEGATIVE 👇
BOTTOM SIGNAL ! pic.twitter.com/x9fuesMAZl
— Crypto Rover (@rovercrc) October 15, 2025
Key Levels to Watch
Analysts identify $110,000 as the critical psychological floor sustaining the macro uptrend. Maintaining this level would keep the broader bullish structure intact, while a recovery above the $115,000–$118,000 range could open the path toward retesting the $130,000 highs reached earlier this year.
The RSI’s mid-40s reading indicates muted momentum, implying traders are waiting for confirmation before re-entering. However, if buying pressure increases alongside improving funding dynamics, a technical breakout could follow swiftly.
The Long-Term Vision: Structural Growth
Beyond near-term price swings, Jesse Myers, Head of Bitcoin Strategy at Smarter Web Company, maintains a profoundly bullish long-term view. Myers projects that Bitcoin could compound at roughly 30% annually over the next two decades, potentially reaching $10 million per coin if its historical trajectory and adoption rate persist.
He attributes this outlook to Bitcoin’s fixed 21 million supply cap, which enforces absolute scarcity as institutional demand scales. “We’re still in the early stages,” Myers said, suggesting that Bitcoin’s share of global capital remains a fraction of gold’s market size, a gap that could narrow significantly as digital asset integration accelerates.
With funding rates flipping negative, key indicators cooling, and analysts maintaining structural confidence, Bitcoin’s next major move may be a rebound toward record highs, rather than a deeper correction.